Bulgaria's Road Infrastructure Agency said on Tuesday that it has picked a tie-up between two local and one Portuguese companies to build a 10.4 kilometre section of Struma motorway for 475.2 million levs ($294.3 million/243 million euro).
The tie-up comprises Bulgaria's Glavbolgarstroy International and GBS Infrastructure Construction, as well as Portugal's EPOS - Empresa Portuguesa de Obras Subterraneas, the government agency said in a statement.
Works on the project should be completed within 1,556 days.
The tender for the deal attracted offers from three other tie-ups, two of which offered to build the section for a lower price.
The lowest price offer - of 410.1 million levs, was submitted by a tie-up between local Geostroy, Bias-M, and Ilia Burda. A tie-up between local Evropeiski Patishta, Groma Hold, Vodno Stroitelstvo - Blagoevgrad, Patproekt, and Ruteks, as well as Slovakia's Vahostav-SK and Czech-based Metroprojekt Praha, offered to build the motorway section for 420 million levs.